Sunday Observer Online


Sunday, 3 August 2014


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Marriage Proposals
Government Gazette
Work on the ‘Pettah Floating Market’, a project aimed at providing a facelift to the city and attract tourists is nearing completion. The market which comprises 92 shops and a restaurant down Bastian Mawatha has been designed by the Urban Development Authority and built by the Army. Pic: Vipula Amarasinghe

IDB to address MSIs marketing problems

The Industrial Development Board (IDB) will support Micro and Small Industries (MSIs) to market products in the local and export market. IDB Chairman Nawaz Rajabdeen said that the biggest drawback in marketing MSI products are problems in quality certification, packaging and branding.

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Drought affects agriculture

The prevailing drought will cause a setback in economic growth this year, economic analysts said. Polonnaruwa, Anuradhapura, Moneragala, Ampara, Hambantota, Puttalam, Trincomalee, Mannar, Vavuniya and Mullaitivu districts are now experiencing a severe drought.

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Sri Lanka's exports to India grow 10-fold

Since the launch of the Indo-Sri Lanka Free Trade Agreement (ISLFTA), Sri Lanka's exports to India have increased by over 10-fold from US$ 49 million in 1999 to US$ 543 million in 2013, Indian High Commissioner Yashvardhan Kumar Sinha told the 17th AGM of the Exporters Association of Sri Lanka (EASL) in Colombo last week.

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Inflation moderates in July

Inflation, moderated further to 4.7 percent in July 2014 from 4.9 percent in June 2014, on an annual average basis, declining for the fourteenth consecutive month, a Department of Census and Statistics release said. Year-on-year (YoY) inflation has been maintained within benign single digit levels so far in 2014,

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Lanka to benefit from growth in advanced economies - IMF

Sri Lanka’s economic growth has been one of the fastest among Asia’s developing economies in recent years. After falling to 6.3 percent in 2012, real GDP growth accelerated to 7.3 percent in 2013 — driven primarily by a pick up in services activity and supported by manufacturing and construction,

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